CZL 0.00% 4.8¢ consolidated zinc limited

Posted on the DT thread yesterday so copied below: Excuse the...

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  1. 6,214 Posts.
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    Posted on the DT thread yesterday so copied below: Excuse the formatting, HC did that when copying?!

    Not many sellers of this left, time for people to pay up if you want in!


    1. CZL - hardly on anyone's radar but the TA gives good insight - it broke out of a falling wedge some time ago and has been basing since then. But the FA is where the money is with this one:

      They have hardly let the market on but at the moment they are in the middle of a scoping study, the scoping study is not to determine a long lead time mine plan or anything, it is to start (restart) mining operations this year with low capital, high grade resource. The scoping study has changed focus slightly recently due to further exploration success, the project is getting better.

      The project has a pay back of 1 - 1.5 years with basically pure upside.

      MC is now only 10m, EV $7m - they will generate this cash in 2018 so it's trading on a PE of 1

      One only needs to look at the register to see where this is going. Farjoy, Gasmere, Copulos to name a few. These guys don't make a habit of losing money.
 
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Currently unlisted public company.

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